Posted onJuly 23, 2018

In this Biometrics-as-a-service statistical surveying market study, the important driving factors of this market were alleged and the business accomplices and end users were extended.

Biometrics-as-a-service deals with offering capabilities such as biometrics onboarding, duplicate checking, and authentication-as-a-service over the internet, through a cloud based infrastructure. The biometric services capture both physiological and behavioral aspects of human beings, thus providing authentication based on fingerprint, face, iris, voice, and vein, among others.

The main objective of this report is to define, describe, and forecast the global biometrics-as-a-service market on the basis of modality type, application, deployment model, organization size, industry, and region. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global market.

Financial institutions face an increasing need for reliable authentication techniques to protect against the increasing attacks. Moreover, biometric authentication provides additional security owing to the fact that biometric identifiers are virtually impossible to replicate and cannot be shared. Thus, the biometric-as-a-service offerings are gaining momentum for mobile banking, payments, and authentication applications, due to their exclusive ability to provide greater security in comparison to other traditional authentication methods.

The report’s conclusion reveals the overall scope of the Global Biometrics As A Service Market in terms of feasibility of investments in the various segments of the market, along with a descriptive passage that outlines the feasibility of new projects that might succeed in the market in the near future.